BELGIUM TF 0,4% GN40 EUR
BE0000350596
THE KINGDOM OF BELGIUMForeign governmentMOT
- Last price
- 57.72
- as of 13/10/2026
- Gross yield
- 4.64%
- Net yield
- 4.17%
- Maturity
- 22/06/2040
- 13y 8m
Simulation for information and education only, computed automatically from the values entered. It is not financial advice, nor a recommendation or solicitation to buy or sell. Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.
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- Settlement amount
- €9,831.80
- Net gain at maturity
- €7,102.75
- Net yield
- 4.17%
- Gross yield
- 4.64%
Order details
- Settlement date
- 19/10/2026
- Purchase price (clean)
- 57.72
- Nominal value
- 17,000
- Clean value
- €9,812.40
- Gross accrued interest
- €22.17
- Tax credit on accrued interest
- -€2.77
- Commissions
- €0.00
- Settlement amount
- €9,831.80
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 4.64% | 4.17% | 4.57% |
| Modified duration | 12.59 | 12.66 | 12.60 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- €952.00
- Tax on coupons
- -€119.00
- Redemption of the nominal
- €17,000.00
- Capital gain
- €7,187.60
- Capital gain tax
- -€898.45
- Net gain at maturity
- €7,102.75
Cash flows
| Date | Description | Amount |
|---|---|---|
| 19/10/2026 | Payment of the price | -€9,812.40 |
| 19/10/2026 | Gross accrued interest | -€22.17 |
| 19/10/2026 | Tax credit on accrued interest | €2.77 |
| 22/06/2027 | Gross coupon | €68.00 |
| 22/06/2027 | Tax on the coupon | -€8.50 |
| 22/06/2028 | Gross coupon | €68.00 |
| 22/06/2028 | Tax on the coupon | -€8.50 |
| 22/06/2029 | Gross coupon | €68.00 |
| 22/06/2029 | Tax on the coupon | -€8.50 |
| 22/06/2030 | Gross coupon | €68.00 |
| 22/06/2030 | Tax on the coupon | -€8.50 |
| 22/06/2031 | Gross coupon | €68.00 |
| 22/06/2031 | Tax on the coupon | -€8.50 |
| 22/06/2032 | Gross coupon | €68.00 |
| 22/06/2032 | Tax on the coupon | -€8.50 |
| 22/06/2033 | Gross coupon | €68.00 |
| 22/06/2033 | Tax on the coupon | -€8.50 |
| 22/06/2034 | Gross coupon | €68.00 |
| 22/06/2034 | Tax on the coupon | -€8.50 |
| 22/06/2035 | Gross coupon | €68.00 |
| 22/06/2035 | Tax on the coupon | -€8.50 |
| 22/06/2036 | Gross coupon | €68.00 |
| 22/06/2036 | Tax on the coupon | -€8.50 |
| 22/06/2037 | Gross coupon | €68.00 |
| 22/06/2037 | Tax on the coupon | -€8.50 |
| 22/06/2038 | Gross coupon | €68.00 |
| 22/06/2038 | Tax on the coupon | -€8.50 |
| 22/06/2039 | Gross coupon | €68.00 |
| 22/06/2039 | Tax on the coupon | -€8.50 |
| 22/06/2040 | Gross coupon | €68.00 |
| 22/06/2040 | Tax on the coupon | -€8.50 |
| 22/06/2040 | Redemption of the nominal | €17,000.00 |
| 22/06/2040 | Capital gain tax | -€898.45 |
| Net gain at maturity | €7,102.75 | |
It is the sum of all the movements: €17,954.77 received (coupons, redemption, tax credit on accrued interest) minus €10,852.02 paid (price, accrued interest, commissions and taxes) = €7,102.75. It is what you earn in euro, after tax, if you hold the bond to maturity; if negative, you lose money.
How it is calculated
- Accrued interest uses the ACT/ACT ICMA convention: the buyer pays the gross accrued interest and receives the credit for the tax withheld on that part of the coupon.
- Taxes of the Italian administered regime, 12.5% on coupons and capital gain (12.5% for government and supranational bonds, 26% for the others). Commissions are part of the purchase cost. Stamp duty and issue discount are not considered.
- Yields are annual compound rates (IRR) of the cash flows, actual days/365, with the bond held to maturity and coupons not reinvested.